7 April 2014

Malta 'outperformed' economic expectations

Malta Today 28/03/2014: Malta has "outperformed" economic expectations and was enhancing its
credibility with European institutions, Prime Minister Joseph Muscat
said today.

Muscat was speaking during the inauguration of Bank of
Valletta's new offices at the House of Four Winds in Valletta.

Flanked by ministers Edward Scicluna and Chris Cardona and
parliamentary secretary Edward Zammit Lewis, Muscat said the economic
results recently obtained by Malta have surpassed the already positive
forecasts of the International Monetary Fund and credit rating agencies.

"This is building our credibility, where government agencies
give realistic projections and not suit the needs of a government come
elections. Credibility was something the country lacked before the
European Commission," Muscat said.

He added that the government was holding the breaks on its
debt while the deficit, despite the Commission's forecast, was now under
3%..read on.